Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam - Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam

Question 1

Under § 189 of the Austrian Commercial Code (UGB), which enterprises are subject to mandatory commercial double-entry bookkeeping (Rechnungslegungspflicht)?

All corporations (GmbH, AG) and commercial partnerships without a natural person as general partner (GmbH & Co KG) by virtue of legal form, as well as sole proprietorships and other partnerships whose turnover exceeds €700,000 in two consecutive years or €1,000,000 in a single year All businesses in Austria regardless of size, turnover, or legal form from their very first day of operation Only companies listed on the Vienna Stock Exchange Prime Market Only agricultural and forestry enterprises

Correct Answer:

Question 2

Under § 201 UGB, what is the 'Principle of Individual Valuation' (Grundsatz der Einzelbewertung) and when is collective valuation permitted?

Assets and liabilities must be valued individually on the balance sheet; collective or average valuation (e.g. weighted average, FIFO, Festwert) is permitted only for homogeneous inventory items, low-value assets, or grouped receivables All company assets must always be lumped together into one single number on the balance sheet Individual valuation applies only to cash in hand, while all other assets must be estimated collectively The principle was abolished by the Austrian Accounting Reform Act (RÄG 2014)

Correct Answer:

Question 3

Under § 7 Abs. 2 of the Austrian Income Tax Act (EStG), how does the Half-Year Depreciation Rule (Halbjahres-AfA) apply to depreciable fixed assets?

If the asset is put into operational use in the first half of the business year (months 1–6), a full year's AfA is deductible; if put into use in the second half (months 7–12), exactly half a year's AfA is deductible Depreciation is always calculated on a strict day-by-day basis down to the exact minute Assets put into use in the second half of the year receive zero depreciation in year one A full year's depreciation is always claimed regardless of purchase date

Correct Answer:

Question 4

An Austrian trading company with a calendar business year purchases a machine on 15 September for €60,000 net (useful life of 5 years, linear depreciation). What is the deductible AfA in the year of acquisition?

€6,000 (Half-year AfA: €60,000 / 5 years = €12,000 annual AfA × 50%) €12,000 (Full-year AfA) €3,000 (Quarterly AfA) €60,000 (Immediate expensing as GWG)

Correct Answer:

€6,000 (Half-year AfA: €60,000 / 5 years = €12,000 annual AfA × 50%)

Question 5

Under § 207 UGB, what is the Strict Lowest-Value Principle (Strenges Niederstwertprinzip) for current assets (Umlaufvermögen)?

Current assets (such as raw materials, finished goods, and trade receivables) must be written down to the lower fair market/stock market price at the balance sheet date, regardless of whether the value reduction is permanent or temporary Current assets are written down only if the drop in value is expected to last for more than 10 years Current assets can be written up above historical acquisition cost whenever market prices rise Current assets must be valued at 50% of original invoice price

Correct Answer:

Question 1

Exam overview

About this Exam

Prepare with the Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam practice quiz. This question bank includes 100 questions covering austrian, estg, accounting, commercial, and asset. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam

This practice set contains 100 questions from the matching question bank and focuses on austrian, estg, accounting, commercial, and asset. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Keep studying

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung für den Beruf des Bilanzbuchhalters (BiBuG 2014) Exam

Frequently Asked Questions

Related Questions

SHSAT Math Practice Test 2014 (Released Question Answers)

International Theory Practice Test & Exam Prep | Austria

AHS-Matura Practice Questions - Austria AHS-Reifeprüfung (Academic Matura) Exam

Ausbilderprüfung Practice Questions - Ausbilderprüfung (Austria) Exam

Austria Befähigung Güter Practice Questions - Austria Befähigungsprüfung für das Güterbeförderungsgewerbe Exam

Austria Befähigung Personen Practice Questions - Austria Befähigungsprüfung für das Personenbeförderungsgewerbe - Personenkraftverkehr (Omnibus und Kraftfahrlinien) Exam